Wachtell Goes on the Activist Warpath (Again)

The law firm widely credited with inventing the poison pill wants the SEC to change rules affecting how and when activists disclose their stakes.

Here we go again.

The folks at Wachtell, Lipton, Rosen & Katz are relaunching an old offensive against activist fund managers.

The New York law firm — a longtime specialist in takeover defense strategies and the widely credited inventor of the poison pill — last week fired off a new eight-page letter once again calling for reforming the rules governing filings of 13D forms with the Securities and Exchange Commission.

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